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Greece expands access to out-of-court debt settlement scheme starting July 27 · Cyprus Report

Economy · Greece

Greece expands access to out-of-court debt settlement scheme starting July 27

1 sourceFirst reported 1 day agoUpdated 1 day ago

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Greece will expand its out-of-court debt settlement scheme starting July 27.
The new regulations allow individuals with total debts of at least 5,000 euros to apply for restructuring.
This initiative aims to support individuals facing financial difficulties in managing their debts.
The measure is part of Greece's ongoing efforts to improve economic stability and debt management.
Further details on the application process are expected to be released ahead of the launch date.

Generated by AI from the 1 sources below · always verify with the originals

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AI summary: catch up in 20 seconds

Greece will expand its out-of-court debt settlement scheme starting July 27.
The new regulations allow individuals with total debts of at least 5,000 euros to apply for restructuring.
This initiative aims to support individuals facing financial difficulties in managing their debts.
The measure is part of Greece's ongoing efforts to improve economic stability and debt management.
Further details on the application process are expected to be released ahead of the launch date.

Generated by AI from the 1 sources below · always verify with the originals